Power sector leads new investments in TN

Electricity sector leads the proposed investments in Tamil Nadu with Rs 2,58,849 crore, out of a total of over Rs 3.13 lakh crore.

The power sector accounted for 150 projects out of 7,885 proposals cleared by the Department of Industrial Policy & Promotion (DIPP), according to a senior government official.

With 329 projects, the manufacturing sector had investments worth Rs 1,70,288 crore in the pipeline as of December 2010, according to an official from the Guidance Bureau (Industries department), Government of Tamil Nadu.

The official noted that the Central Statistical Organisation (CSO) had recently published the quick results of the Annual Survey of Industries for the year 2008-09.

According to this survey, Tamil Nadu, with 26,122 factories, is ranked first among Indian states in terms of number of factories and also in the number of persons employed in factories, at 1,774,019.

The state was ranked third in terms of total invested capital, while it figured as one of the top three states in attracting FDI in manufacturing sector.

On the power sector, the official said the installed capacity with Tamil Nadu Electricity Board (TNEB) is 10,214 MW. Including independent power producers and wind mills, the total capacity is 15,800 MW. Current wind power capacity is 4,889 MW.